Showing 1 - 10 of 55
Der vorliegende Beitrag beschäftigt sich mit der Aufarbeitung der Hintergründe der Subprime-Krisesowie der nachfolgenden internationalen Banken- und Finanzkrisen. Auf dieser Basis werden Vorschlägediskutiert, wie die erkannten Schwachstellen im Finanzsystem repariert bzw. behoben...
Persistent link: https://www.econbiz.de/10009418807
Much of the industrialized world is undergoing a significant demographic shift, placing strain on public pension systems. Policymakers are responding with pension system reforms that put more weight on privately managed retirement funds. One concern with these changes is the effect on individual...
Persistent link: https://www.econbiz.de/10005863287
The paper presents a comprehensive data set of all bonds issued by the sixteenGerman states (Länder) since 1992. It thus provides a complete picture of acapital market comparable in size to funds raised in the German fixed incomemarket for corporations. The quantitative analysis reveals that...
Persistent link: https://www.econbiz.de/10005866188
This paper describes the rst thorough analysis of the interest risk of German banks on anindividual bank level. We … develop a new method that is based on time series of accountingbaseddata to quantify the interest risk of banks and apply it …' internallyquantied interest rate risk than a standard approach that relies on one-point-in-time data, andthat the interest rate risk …
Persistent link: https://www.econbiz.de/10005866371
This paper investigates politically connected rms in Germany. With the in-troduction of a new transparency law in 2007, information on additional incomesources for all members of the German parliament became publicly available.We nd that members of the conservative party (CDU/CSU) and the...
Persistent link: https://www.econbiz.de/10005868018
The Paper analyzes wheather mandatory auditor rotation is means to reduce an expectation gap caused by moral hazard problems. The analysis is divided into two parts with reference to the two different types of auditor rotation systems: (1) rotation of audit firms, and (2) rotation of audit...
Persistent link: https://www.econbiz.de/10005868095
Does legal insider trading contribute to market efficiency? Using the refinementproposed by the recent microstructure literature, we analyze the information contentof legal insider trading. Our sample encompasses 2,110 different companies subject to59,244 aggregated daily insider trades over the...
Persistent link: https://www.econbiz.de/10005868829
Es gibt Überlegungen, Kreditinstituten den Besitz der Anteilsmehrheit an Kapitalanlagegesellschaften(KAGs) zu untersagen. Dahinter steht die Vorstellung, daß solche Beteiligungen Gestaltungsspielräumeeröffnen, die mißbräuchlich genutzt werden. Die Neuemission von Aktienist einer der...
Persistent link: https://www.econbiz.de/10005840366
Compliance with prevailing accounting standards is induced if the expected disadvantage due to sanctions imposed if non-compliance is detected outweighs the advantage of non-compliant accounting choices.(...)
Persistent link: https://www.econbiz.de/10005840396
This paper deals with the impact of insider trading legislation on corporate governance.
Persistent link: https://www.econbiz.de/10005841035